EY published the results of new research into global CEO priorities – and in the near term, The Terminator is beating climate change:
“Right now, CEOs are focused on technology, especially artificial intelligence (AI) transformation, as a means to boost productivity and growth. But when they look into the not-too-distant future, their focus shifts to achieving net zero by decarbonizing their business and creating new revenue streams…”
Source: EY CEO Outlook Pulse, April 2024.
The report also highlights an interesting misalignment of sustainability priorities externally:
“Over half of CEOs globally (54%) see sustainability issues as a higher priority than they did 12 months ago. Comparably, only 28% of institutional investors have reported the same.”
These two data points support what we’ve been saying: sustainability professionals need to link their efforts to internal business fundamentals (managing costs and growing revenues – aligning with the highest non-IT CEO priorities according to the EY study) and focus less on investor demands. Here at PracticalESG.com, we are developing additional resources to help practitioners do both. Stay tuned. And if you aren’t already a PracticalESG.com member, sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund.
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